Intelsat S.A. (I) Receives Average Recommendation of “Hold” from Analysts
Intelsat S.A. (NYSE:I) has been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $4.38.
I has been the topic of a number of research reports. Zacks Investment Research raised Intelsat from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. BidaskClub raised Intelsat from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. ValuEngine raised Intelsat from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) initiated coverage on Intelsat in a research note on Thursday, August 10th. They set a “neutral” rating and a $3.50 price target on the stock. Finally, Jefferies Group LLC raised Intelsat from a “hold” rating to a “buy” rating and upped their price target for the stock from $2.50 to $5.00 in a research note on Friday, September 8th.
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Shares of Intelsat (NYSE:I) opened at 6.37 on Tuesday. Intelsat has a 12 month low of $2.46 and a 12 month high of $7.47. The company has a 50-day moving average price of $5.31 and a 200-day moving average price of $3.86. The firm has a market cap of $758.03 million, a price-to-earnings ratio of 0.94 and a beta of 2.12.
Intelsat (NYSE:I) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.13. Intelsat had a negative return on equity of 1.90% and a net margin of 36.95%. The business had revenue of $533.20 million for the quarter, compared to the consensus estimate of $534.16 million. During the same period in the prior year, the business earned $0.98 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Analysts forecast that Intelsat will post ($0.79) earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of I. Spark Investment Management LLC purchased a new stake in shares of Intelsat in the second quarter worth approximately $1,451,000. Vanguard Group Inc. raised its stake in shares of Intelsat by 16.0% in the first quarter. Vanguard Group Inc. now owns 1,614,972 shares of the technology company’s stock worth $6,702,000 after purchasing an additional 222,457 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Intelsat by 85.7% in the first quarter. Renaissance Technologies LLC now owns 355,800 shares of the technology company’s stock worth $1,477,000 after purchasing an additional 164,200 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Intelsat in the second quarter worth approximately $436,000. Finally, TIAA CREF Investment Management LLC purchased a new stake in shares of Intelsat in the first quarter worth approximately $421,000. 37.95% of the stock is owned by hedge funds and other institutional investors.
Intelsat SA operates in satellite services business. The Company provides satellite services to its communications customers around the world. It provides communications services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, multinational corporations and Internet service providers (ISPs).
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